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JS Bank
 

JS Bank

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    JS Bank JS Bank Presentation Transcript

    • Bismillah-ar-Rehman-ar- Raheem Muhammad Faraz Ishaque Hafiz Muhammad Qasim Waqar Ali Javed
    • Agenda•Prelude•Vision•Mission•Retail banking •Products •Services•Banc-Assurance•Financial Aspect•Share market analysis•SWOT Analysis•PEST Analysis•Conclusion•Recommendations•Queries…….?
    • HISTORICAL BACKGROUND• Brokerage Houses• Stock Exchange Boom in 2003• Established in Dec 2006 after the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and commercial banking operations of American Express Bank Ltd Pakistan
    • VISION• To provide quality and innovative range of BANKING SERVICES and products to our customers by a highly motivated team of professionals whilst maintaining high ethical and regulatory standards thereby, generating sustainable returns to our shareholders.
    • MISSION STATEMENT• To be a preferred partner of our customers by providing complete financial solutions exceeding service expectations, though a single relationship via conventional and non – conventional, conveniently accessible distribution channels.
    • Company InformationBOD Mr. Jahangir Siddiqui Mr. Mazharul Haq Siddiqui Mr. Maqbool A sumroo Mr. Rafique R Bhimjee Syed Amjad AliPRESIDENT Mr. Naveed QaziCOMPANY SECRETARY Mr. Muhammad yousafHR COMMITTEE Mr. Jahangir Siddiqui Mr. Naveed Qazi Mr. Syed ShoaibRISK MANAGEMENT TEAM Mr. Jahangir Siddiqui Mr. Naveed Qazi Mr. Ashraf NawabiAUDITORS Ernst & Young Ford Rhodes Sidat Hyder Chartered Accountants (Member firm of Ernst & Young Global Ltd
    • Retail Banking• Retail Banking at JS Bank offers a variety of products and services for both depositors and borrowers at competitive rates.• Products Offered: – Kamyab Business Account • Free online inter-city transfer of funds • Free Demand Draft and Pay Order Issuance • Minimum Balance PKR 10,000 • AVERAGE BALANCE PKR 50,000 Cheque book Issuance (25 leaves) Small Locker ATM Card Annual Fee Waiver Balance statement
    • Rupee Plus Account A high performance savings account, the Rupee Plus Account calculates your profits on a daily basis to give you maximum returns with the greatest flexibility.  7% on daily basis  Minimum Balance PKR 25,000  AVERAGE BALANCE PKR 250,000 PLS Rupee Saving Account Rupee Basic Banking Account Rupee Fixed Deposit Account Foreign Currency Account
    • SERVICES Loans & Running Finance Western Union Home Remittance Sale & Encashment of Govt. Of Pakistan Securities Countrywide Account Operation Tele-banking SWIFT transfer ATM card Lockers Export Services  Export Bill Collection Services  Bank Guarantees  Export LC Advising, Confirmation & Negotiation Import Services  Import Letters of Credit  Arranging for Buyer’s & Supplier’s Credit Utility Bills payment Extended Branch Services Delivery of Account Statement
    • LOAN SERVICES Term Loans Working Capital Loans Advances against Shares Debt Syndications Trade Finance
    • BANCASSURANCE• JS Bank’s bancassurance products provide you great value on your savings, not only in form of higher returns but also an inbuilt insurance coverage to protect your family from any unforeseen events in life. We offer you unit-linked investment and life assurance products in partnership with EFU Life Assurance Ltd., the largest private sector life assurance company in Pakistan. The products combine the benefits of investment plans with life assurance, enabling you to grow and protect your wealth at the same time. JS Bank currently offers the following bancassurance products.• Pehla Qadam• Roshan Kal
    • Pehla QadamChild Education Plan UNIT ALLOCATION Year 1 25% - 35% Access to savings at all times Year 2 80% Guaranteed Protection Year 3 90% Minimum Premium Year 4-10 100% Applicable Ages and Terms Onwards 105%
    • Roshan Kal Investment Plan UNIT ALLOCATION  Opportunity for Growth Year 1 35%  Access to savings at all times Year 2 80%  Guaranteed Loyalty Bonus Year 3 90%  Funds Acceleration Premium (FAP) Year 4 100%  Investment with a Safety Net Onwards 130%
    • FINANCIAL ANALYSIS Sources of Income Balance Sheet Profit & Loss Account Statistics of Accounts Shares Transcript
    • SOURCES OF INCOME Non-Funded  Services  Banc-Assurance  Home Remittances Funded  Money-on-Money
    • BALANCE SHEETBALANCE SHEETAs at December 31, 2009 December 31, December 31, 2009 2008 ------- Rupees in ‘000 -------ASSETSCash and balances with treasury banks 1,764,403 1,285,247 Balances with other banks 1,820,857 1,285,247Lendings to financial institutions 3,482,564 1,405,210Investments 9,535,555 5,138,709Advances 11,689,653 9,680,449Operating fixed assets 3,039,329 2,496,883Deferred tax assets 924,907 271,646Other assets 637,652 677,387 32,894,920 21,627,802LIABILITIESBills payable 320,492 127,922Borrowings 5,039,635 537,655Deposits and other accounts 21,313,791 15,294,273Sub-ordinated loans - -Liabilities against assets subject to inance lease - -Deferred tax liabilities - -Other liabilities 566,443 392,115 27,240,361 16,351,965NET ASSETS 5,654,559 5,275,837REPRESENTED BYShare capital 6,127,605 5,694,844Reserves 18,040 18,040(Accumulated losses) / Unappropriated proit (523,192) 71,744Surplus/(Deicit) on revaluation net of tax 5,654,559 5,275,837
    • PROFIT & LOSS ACCOUNTPLS ACCOUNTFor the year 31-12-2009 December 31 December 31, 2009 2008 ------- Rupees in ‘000 ------- Mark-up / Return / Interest Earned 2,527,295 1,975,203 Mark-up / Return / Interest Expensed 1,806,709 1,361,738 Net Mark-up / Interest Income 720,586 613,465Bad debts written of directly 772,688 11,218 Net Mark-up / Interest Income after provisions (52,102) 602,247 NON MARK-UP / INTEREST INCOMEFee, commission 132,198 103,448Dividend Income 26,282 73,441 Income from dealing in foreign currencies 89,455 89,455 Gain on sale of securities – net - - Unrealized loss on revaluation of investments - - classiied as held-for-trading - - Other income 1,526 1,526 Total non-mark-up / interest income 339,470 492,345 NON MARK-UP / INTEREST EXPENSES 287,368 1,094,592Administrative expenses 1,734,815 982,624Other provisions / write ofs - - Other charges 1,346 743(LOSS) / PROFIT BEFORE TAXATION (1,448,793) 111,225Taxation – Current (14,334) -Prior years - -Deferred 868,191 (56,455)(LOSS) / PROFIT AFTER TAXATION (594,936) 54,770(Loss) / Diluted Earnings per share (0.98) 0.11
    • ACCOUNT STATISTICS• ACCOUNT ACCOUNT HOLDERS DEPOSITS CURRENT 55,000 5.6B SAVINGS 71,000 2.5B RUPEE PLUS 9,800 4.5B TERM DEPOSITS 1,800 6.9B TOTAL 137,600 19.7B
    • SHAREHOLDER’S STATISTICS As at December 31, 2009• Share Holders Total Shares Held 7,806 612,760,500 Jahangir Siddiqui 395,162,551• 49% shares are held by EFU Inc• 49% shares are held by JS bank in BANK ISLAMI
    • SWOT Analysis• Strengths – Facility of foreign exchange to its customers – Customer care center for its customers – Online banking (online cash deposit and cash withdrawal, online balance inquiry) – Lockers facility to customers at all branches – Cooperative staff (sup portative environment) – Customer Satisfaction – Continuous Improvement – Employee Respect & Dignity. – It has a reliable and easy to use internal computer system – High context culture can only be seen in JS BANK i.e are focused on building relations with customers.
    • • Weaknesses – Competition Pressure – Financial Pressure – Individual Differences – Low Pay Packages – Bad Promotion Policy
    • • Opportunities – JS bank is covered by many competitors. It has an opportunity to do aggressive marketing to increase its business volume. – Stock exchange is very volatile and takes immediate effect, So, in time of crisis investors return to saving deposits. – Extra Advertising – Consumer Banking – 24 Hrs ATM Network – Foreign Investment – New Branches
    • • Threats – Inflation – Government policies regarding tax – Competitors in the banking sector – Current economy conditions of country – Weak Economic Conditions – Unpredictable future – High Interest Rates – Increase in un-performing loan
    • PEST ANALYSIS• Political• Political Instability• Employment practices• Incident of high taxation• Government policies
    • • Economical• Constraints in mobilization of public savings• Staff cost• Operating cost• Bad debts• Economic crisis• Weak market conditions• Inflationary pressure
    • • SOCIAL• Inadequate human resources• Defaulters lobby• Declining education & work ethics• Inadequate accountability
    • • Technological• Centralized operations• Latest software• Customer satisfaction through advance technology• Heavy investment in technology
    • Conclusion• Due to wide expansion of branches in all over the Pakistan, JS bank in the near future shall capture market in regard to its extraordinary CUSTOMER SERVICES
    • Recommendations• Branch establishment in rural areas.• They should offer more services for youth as in Pakistan they comprise a high percentage of 67%.• Banking should be made on Islamic basis on large scale
    • Your Queries